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Pakistan’s November Remittances Reach $3.2 Billion as Five-Month Inflows Rise 9% to $16.1 Billion

Broker forecasts near $41 billion reflect support from manpower exports, incentives, FX‑rate convergence.

Overview

  • State Bank of Pakistan data show November inflows at about $3.19–$3.2 billion, down roughly 7% from October but up around 9% from November 2024.
  • Saudi Arabia led November sources with $753 million, followed by the United Arab Emirates at $675 million, the United Kingdom at $481 million, and the United States at $277 million.
  • Across July–November FY26, remittances totaled about $16.1 billion, roughly 9% higher year-on-year compared with the same period of FY25.
  • By source in the first five months, inflows reached $3.90 billion from Saudi Arabia, $3.36 billion from the UAE, $2.34 billion from the UK, and $1.38 billion from the US.
  • Brokerages maintained an FY26 remittance outlook near $41 billion versus roughly $38 billion in FY25, with analysts citing manpower exports, a narrower formal–informal exchange-rate gap, plus a continuing incentive package.